Is 799 a good beacon score?

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799 is an Excellent credit score. Below is a way of interpreting your credit score. Given the current credit score stats, how does this relate to your own personal score? Generally, if your score is higher than 660, you will be considered a good credit risk. If your score is below 620, then you might have a tougher time getting a loan. The following ratings explain the impact of the different score ranges:
  • 720-850 - Excellent - This represents the best score range and best financing terms.
  • 700-719 - Very Good - Qualifies a person for favorable financing.
  • 675-699 - Average - A score in this range will usually qualify for most loans.
  • 620-674 - Sub-prime - May still qualify, but will pay higher interest.
  • 560-619 - Risky - Will have trouble obtaining a loan.
  • 500-559 - Very Risky - Need to work on improving your rating.
If you want to learn more about credit scores and how to improve yours: Take a look at Phil Turner's Credit Bible. You should find valuable information on fixing and improving your credit.
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What is a beacon score?

Answer . BEACON is the trademarked name of a scoring software program. It uses the information displayed in an Equifax credit file. (Think Kleenex vs. tissue paper) Ther

Is 619 a good beacon score?

A 650 + is decent. 680+ is much better. 720+ is excellent and can support many loan programs and best interest rates. . 720-850 - Excellent - This represents the best s

Is a beacon score of 680 good?

A credit score derived from the application of a credit scoring model created by the Fair, Isaac Company to a consumer's credit file held by a credit reporting company. FICOÂ

Is a 5 beacon score good or bad?

A Beacon score of 5 is impossible, the score ranges between 300 and 850. I'll assume you meant 500, this is considered to be 'very bad'.

What is an above average beacon score?

The ABOVE average score is around 750. Once a person achieves a score of around 725 or more they are going to get the best interest rates available. Most banks guidelines for

Determine beacon score?

Determining a beacon score is difficult, they use a number of factors: Credit history length Payment history Credit utilization ratio Types of credit used
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What is the purpose of the beacon score?

The beacon score is a very important equation in your credit score. It is a number generated by the Equifax Credit Bureau that determines ones credit worthiness.